TD Cowen lowered the firm’s price target on Kraft Heinz (KHC) to $26 from $28 and keeps a Hold rating on the shares. The firm said with its 3Q organic sales miss (-2.5% vs -2.2% consensus), Kraft Heinz lowered 2025 guidance and warned of deteriorating industry conditions heading into 4Q along with higher investment spending in 2026.
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